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USD/CAD

  • #14,341
  • Jan 1, 2019 12:50pm Jan 1, 2019 12:50pm
Quoting DayTrader30
Price returned back up again before trading day starts.{image}
I have a question.

If the market is closed, why the price is moving? before the market opens and make those huge movements.
  • #14,342
  • Jan 1, 2019 12:53pm Jan 1, 2019 12:53pm
Market closed only for us retailers.Market makers can do operations even on weekend.
  • #14,343
  • Jan 1, 2019 1:26pm Jan 1, 2019 1:26pm
Quoting DayTrader30
Market closed only for us retailers.Market makers can do operations even on weekend.
but Why would they want to push the market down then back up ?
  • #14,344
  • Jan 2, 2019 1:23am Jan 2, 2019 1:23am
usdcad drop now when OIL is down and aud,nzd is down..:O well thats awesome
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #14,345
  • Jan 2, 2019 1:44am Jan 2, 2019 1:44am
USDCAD
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.PNG Size: 33 KB
Self discipline It is a practice
  • #14,346
  • Jan 2, 2019 1:47am Jan 2, 2019 1:47am
This is the longest I’ve endured a trade...... so finally we have some retracement
  • #14,347
  • Jan 2, 2019 2:08am Jan 2, 2019 2:08am
changed sides.Rode down from top and now buying ..ifeel like oil wants to fall further
so im taking profit around 1.3650 but set SL @ BE
Attached Image (click to enlarge)
Click to Enlarge Name: 122222344566.JPG Size: 159 KB
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #14,348
  • Jan 2, 2019 2:42am Jan 2, 2019 2:42am
This pair is currently in a strong uptrend.Every small dip bought back up.Maybe next week BOC will short it.
  • #14,349
  • Jan 2, 2019 2:50am Jan 2, 2019 2:50am
Quoting DayTrader30
This pair is currently in a strong uptrend.Every small dip bought back up.Maybe next week BOC will short it.
so agree , i will just watching and waiting this pair until boc rate. the price so tempting
  • #14,350
  • Jan 2, 2019 7:42am Jan 2, 2019 7:42am
Quoting Rustymole
{quote} but Why would they want to push the market down then back up ?
Because the MM can, that's why...

With so many retail traders shorting USDCAD, how many were watching this movement and just wishing (praying...) that they could get in...? LOTS, I would bet...then when the "markets" reopened to us plebs...uhh, retail traders, it was right back where it had closed...

The MM were just planting seeds to make all of us speculate as to where it was going next...Christmas Day HUGE spike up and New Year's Day HUGE spike down...
  • #14,351
  • Jan 2, 2019 7:45am Jan 2, 2019 7:45am
I just wish I was awake at 2:30am-2:45am (EST)...I would have adjusted some of my holdings a little more than what my presets did...

Oh well...can't win 'em all...
  • #14,352
  • Jan 2, 2019 9:13am Jan 2, 2019 9:13am
Quoting eqshack
changed sides.Rode down from top and now buying ..ifeel like oil wants to fall further so im taking profit around 1.3650 but set SL @ BE {image}
Awesome trade. Got short running from top.. really great day
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #14,353
  • Jan 2, 2019 9:16am Jan 2, 2019 9:16am
Here we go again, oil going up, usdcad going down
  • #14,354
  • Jan 3, 2019 6:43am Jan 3, 2019 6:43am
Yesterday’s daily candle bearish, today’s daily candle so far looking bearish if it closes below 1.3600
Attached Image (click to enlarge)
Click to Enlarge Name: E3BCA372-94EA-4532-8D58-B4D629B83566.png Size: 187 KB
  • #14,355
  • Jan 3, 2019 6:46am Jan 3, 2019 6:46am
Yup bear should show its face soon.Daily now looks bearish.
  • #14,356
  • Jan 3, 2019 6:54am Jan 3, 2019 6:54am
Quoting DayTrader30
Yup bear should show its face soon.Daily now looks bearish.
Yep, it needs to break 1.3565........us pmi data coming up soon, plus cad and us job data tomorrow.
  • #14,357
  • Jan 3, 2019 7:25am Jan 3, 2019 7:25am
Finally
  • #14,358
  • Jan 3, 2019 8:02am Jan 3, 2019 8:02am
Quoting Kimjoun
recommend sell near upper channel first target lower channel when see rejection candle. get out if broken upper channel. suspect some correction is due to retest lower channel. hihihihi {image}
i hope break down with real break. not bounce again with new high. let see
  • #14,359
  • Jan 3, 2019 8:09am Jan 3, 2019 8:09am
Quoting Kimjoun
{quote} i hope break down with real break. not bounce again with new high. let see
Well out of my short now, us data in 52mins, plus tomorrow is nfp , who knows, might take a bounce here to 1.3565.

but it was a good drop, daily looking very bearish
  • #14,360
  • Jan 3, 2019 8:35am Jan 3, 2019 8:35am
Quoting mamalujo
{quote} Well out of my short now, us data in 52mins, plus tomorrow is nfp , who knows, might take a bounce here to 1.3565. but it was a good drop, daily looking very bearish
i hold it sl move to 1.3550....free trade now
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